MAHC / HSB [2009] IECompA m09005 (16 February 2009)

MAHC / HSB [2009] IECompA m09005 (16 February 2009)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and cleared the transaction in Phase 1.

Parties
Acquirer: Munich-American Holding Corporation; Target: HSB Group Inc
Jurisdiction
Ireland
Judgment Date
16 February 2009
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Insurance Sector, Media Merger
Competition Law Corporate Law Merger Control Insurance Sector Media Merger

Case Brief

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Parties

Munich-American Holding Corporation

Acquirer

HSB Group Inc

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of HSB Group Inc. by Munich-American Holding Corporation would substantially lessen competition in the relevant markets.

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and cleared the transaction in Phase 1.

Court Disposition

Cleared

Orders

  • The proposed acquisition of HSB Group Inc. by Munich-American Holding Corporation is cleared under Phase 1.